Competition and Markets Authority Chairman Debate
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Lord Bridges of Headley
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Competition and Markets Authority Chairman
Lord Bridges of Headley Excerpts(3 days, 18 hours ago)
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Lord Bridges of Headley (Con)
My Lords, last weekend at Davos, the Chancellor said that growth trumps net zero. If that is the case, will the Government review and revise regulators’ remits to reflect that?
Baroness Gustafsson (Lab)
I thank the noble Lord for his question. As I reflect on my experience in driving investment, I do not think the two need to be mutually exclusive. When I reflect on our successes with driving investment, the green energy sector is a region in which we have seen considerable successes. This does not need to be a choice between one or the other. Executed correctly, there is an opportunity for us to drive growth while supporting sustainable energy initiatives.